Announcement regarding the CMB approval of mortgage covered bond issuance
Announcement regarding the CMB approval of mortgage covered bond issuance
As announced on 4 July 2013, T. Garanti Bankası A.Ş. Board of Directors had authorized the Head Office to take the necessary actions to arrange and sign the documents with regard to mortgage covered bond issuance in one or more tranches, with different series and maturities, and having fixed and/or floating interest rates to be determined at the issuance times in accordance with market conditions, to the extent that the relevant legislation allows, up to EUR 1 billion in total or equivalent in any other currency including Turkish Lira, to be sold without public offering, inside or outside Turkey or to qualified investors or by private placement.
Accordingly, it was announced in the weekly bulletin of the Capital Markets Board (“CMB”) numbered 2014/34 that the application for mortgage covered bond issuance has been approved by the CMB.
In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.